. The 10 percent tariff Trump placed on aluminum, for instance, has made raw materials more expensive for most of the companies that actually produce aluminum products in the U.S…“Steel tariffs have made pumping crude more expensive for oil companies by adding to the cost of building rigs and buying equipment. Soybean prices are crashing in response to Chinese tariff threats.”

Slate

“The trade war will destroy some jobs in export sectors and create some jobs in import-competing ones. This is a bad tradeoff because export jobs are generally higher productivity and pay.”

The Hill

, which has spied on foreign companies and forced Western tech firms to hand over patented technology…

"But rather than cultivating alliances, Trump is smashing them left and right. He’s raised taxes on steel imports from Canada and the EU and trashed the NATO alliance, at the very time that the China problem begs for international assistance. The tactics and the strategy are going in opposite directions.”

“Tariffs imposed by the United States are nothing more than a tax increase on American consumers and businesses… who will all pay more for commonly used products and materials… This is the wrong approach, and it threatens to derail our nation’s recent economic resurgence.”

“Most economists calculate the impact of expected tariffs on the U.S. economy will be [surprisingly] small. The problem is that these same economists concede that their models don’t capture the complexity of trade and supply chains, and personally believe the reality could be much worse.”

Wall Street Journal

Jim Cramer, however, argues that “there are a lot of companies that are doing quite well in the country. And I think if you're going to take on the Chinese you do it from strength. And we have much more strength than they do.”

CNBC

“Trump has a fair gripe that the WTO is very slow-moving in its enforcement. It’s easy to picture Chinese leaders knowing that their positions are indefensible and that their arguments are weak, but, because they can drag out the WTO process so long, their companies enjoy long stretches of competitive advantages… maybe someone needs to take a tougher stance with China.”